The case involves an application (CA No. 426/ND/2019) preferred by the Resolution Professional, Mr. Mukesh Gupta, in the matter of M/s Aura Management Services Ltd. (the Corporate Debtor). The application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The initial Company Petition No. IB-641/(ND)/2018 was filed by the Operational Creditor, M/s Lion Services Limited, under Section 9 of the Code and was admitted on 15.01.2019.
M/s. Lion Services Limited, the operational creditor, initiated CIRP against M/s. Aura Management Services Ltd., the corporate debtor, by filing Company Petition No. IB-641/(ND)/2018 under Section 9 of the IBC. The petition was admitted on 15.01.2019. Subsequently, M/s. Lion Services Limited and M/s. Aura Management Services Ltd. reached a settlement. As a result, M/s. Lion Services Limited, being the sole member of the Committee of Creditors (CoC), submitted Form FA to withdraw the CIRP. The CoC approved the withdrawal with 100% voting in a meeting convened by the resolution professional on 12th October 2019. The resolution professional then filed an application (CA No. 426/ND/2019) before the NCLT under Section 12A of the Code, read with regulation 30A of the CIRP
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Company Petition No. IB-641/(ND)/2018 filed by…
Company Petition No. IB-641/(ND)/2018 was…
The case involves an application (CA No. 426/ND/2019) preferred by the Resolution Professional, Mr. Mukesh Gupta, in the matter of M/s Aura Management Services Ltd. (the Corporate Debtor). The application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The initial Company Petition No. IB-641/(ND)/2018 was filed by the Operational Creditor, M/s Lion Services Limited, under Section 9 of the Code and was admitted on 15.01.2019.
M/s. Lion Services Limited, the operational creditor, initiated CIRP against M/s. Aura Management Services Ltd., the corporate debtor, by filing Company Petition No. IB-641/(ND)/2018 under Section 9 of the IBC. The petition was admitted on 15.01.2019. Subsequently, M/s. Lion Services Limited and M/s. Aura Management Services Ltd. reached a settlement. As a result, M/s. Lion Services Limited, being the sole member of the Committee of Creditors (CoC), submitted Form FA to withdraw the CIRP. The CoC approved the withdrawal with 100% voting in a meeting convened by the resolution professional on 12th October 2019. The resolution professional then filed an application (CA No. 426/ND/2019) before the NCLT under Section 12A of the Code, read with regulation 30A of the CIRP
…Company Petition No. IB-641/(ND)/2018 filed by…
Company Petition No. IB-641/(ND)/2018 was…